The first BRICS Finance Ministers and Central Bank Governors Meeting under the Chinese Chairmanship was held in Baden-Baden, Germany on March 17th. The Meeting was co-chaired by Mr. XIAO Jie, Finance Minister of China and Mr. ZHOU Xiaochuan, Governor of the People's Bank of China. Finance ministers and central bank governors from BRICS countries, and the President of the New Development Bank attended the Meeting and discussed various issues including macroeconomic situation and policies, coordination of G20 financial issues and financial cooperation among the BRICS members, and agreed on the work program for this year.
The participants appreciated the leading role the Chinese Chairmanship played in advancing the BRICS financial cooperation and welcomed the financial cooperation proposals presented by the Chinese Chairmanship. They also affirmed their support to China's hosting of the BRICS FMCBG Meetings in 2017 and a successful Xiamen Summit.